'Jungok Marine General Industrial Complex' in Hwaseong Breaks Ground on Factory Construction

The 'Jungok Marine General Industrial Complex,' jointly developed by Hwaseong Urban Development Corporation and Gyeonggi Urban Development Corporation in the Jungok-ri area of Hwaseong, has begun groundbreaking for its first tenant despite the impact of the global economic downturn. The complex signed a contract in August 2013 and is now emerging as positive news for sales.

According to Hwaseong Urban Development Corporation, HL Optics Co., Ltd. decided to construct a factory at the Jungok Marine General Industrial Complex and commenced construction in November.

Since 1993, HL Optics has primarily manufactured TV and monitor components and is a promising small- and medium-sized enterprise that exports over 10 million dollars annually through continuous technological innovation and process improvement. The company is a subsidiary established by the optical diffusion lens injection business division of Hyorim Co., Ltd.

Additionally, the company was established as a legal entity in 2012 and has transitioned to become a specialized optical injection manufacturer for LG Electronics, growing into an optical lens injection specialist. As a company relocating from the Gumi Industrial Complex to the Seoul metropolitan area, it is constructing a factory spanning 6,600 square meters at the Jungok Marine General Industrial Complex, the hub of new growth engine industries, as it aims for a leap toward becoming a global enterprise.

Moreover, cooperative company Korea Wyda Co., Ltd. also signed a contract in August of this year, has relocated from Siheung, commenced construction in December, and plans to commence factory operations in early next year. Other cooperative companies are also considering relocation, and an increase in the occupancy rate is anticipated going forward.